OPEN-SOURCE SCRIPT
Supply & Demand Zones (by Wali Afridi)
Description:
🚀 This indicator accurately detects Supply & Demand Zones by identifying swing highs and lows. It plots a single clean line for each zone and labels them as "SZ" (Supply Zone) and "DZ" (Demand Zone), ensuring a clear and minimalistic chart.
🔹 Features:
✅ Auto-detects recent Supply & Demand Zones
✅ Plots clean horizontal lines for the latest zones
✅ Displays "SZ" above the supply line & "DZ" below the demand line
✅ No duplicate labels—only one label per zone
✅ Minimal & clutter-free visualization
How to Use:
1️⃣ Add the indicator to your chart
2️⃣ Watch for Supply Zones (SZ) appearing above red lines – These indicate potential resistance areas where price may reverse or consolidate.
3️⃣ Watch for Demand Zones (DZ) appearing below green lines – These indicate strong support areas where price may bounce.
4️⃣ Use with other confirmations (Price Action, SMC, Volume) for better accuracy.
⚠️ Disclaimer:
This script is for educational purposes only and should not be considered financial advice. Always backtest and use risk management before applying it to live trading.
🚀 This indicator accurately detects Supply & Demand Zones by identifying swing highs and lows. It plots a single clean line for each zone and labels them as "SZ" (Supply Zone) and "DZ" (Demand Zone), ensuring a clear and minimalistic chart.
🔹 Features:
✅ Auto-detects recent Supply & Demand Zones
✅ Plots clean horizontal lines for the latest zones
✅ Displays "SZ" above the supply line & "DZ" below the demand line
✅ No duplicate labels—only one label per zone
✅ Minimal & clutter-free visualization
How to Use:
1️⃣ Add the indicator to your chart
2️⃣ Watch for Supply Zones (SZ) appearing above red lines – These indicate potential resistance areas where price may reverse or consolidate.
3️⃣ Watch for Demand Zones (DZ) appearing below green lines – These indicate strong support areas where price may bounce.
4️⃣ Use with other confirmations (Price Action, SMC, Volume) for better accuracy.
⚠️ Disclaimer:
This script is for educational purposes only and should not be considered financial advice. Always backtest and use risk management before applying it to live trading.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.